Trending Jobs at South African Reserve Bank

Detailed description

The successful candidate will be responsible for, but not limited to, the following key performance areas:

• Proactively identify, address and manage potential legal risks within the SARB and the PA.
• Conduct and integrate legal research.   
• Take responsibility for monitoring, reviewing and commenting on local and international legislation, regulation and policies that have an impact on the mandate of the SARB and the PA, and advise senior management on any developments.
• Steer legal processes for internal clients on complex legal challenges and disputes affecting their operations. 
• Provide legal advice, opinions and guidance to the SARB and the PA on legal, regulatory and supervisory matters.
• Participate in negotiations to draft and conclude agreements on relevant positions, policies, principles, litigation matters and regulatory action matters, in consultation with senior management in the Legal Services Department.
• Initiate legislative amendments or review drafts of new legislation in accordance with standard policies and procedures to address specific concerns of the SARB and the PA.
• Lead special projects to ensure that mandated and informed positions are developed and presented to stakeholders.
• Support and maintain strong professional relationships with panel attorneys’ firms and manage litigation in accordance with standard policies and procedures in conjunction with panel firms.
• Conduct research on a wide range of matters, including matters on legislative, regulatory and policy frameworks that have an impact on SARB and the PA.
• Take responsibility for addressing issues pertaining to relevant legislation applicable to the SARB and the PA.
• Represent the department, the SARB and the PA on national, regional and international committees and report on, and provide guidance, advice and legal opinions to, the above-mentioned committees.
• Participate in various relevant legal practice groups of the Legal Service Department as a member or as lead.
• Contribute to and support the strategic objectives of LSD and the SARB Group.
• Review and draft relevant SARB and PA policies.
• Institutionalise processes to enhance efficiencies within the SARB and the PA.
• Mentor and develop legal counsel.

Job requirements

To be considered for this position, candidates must:

• have an LLB degree or an equivalent appropriate legal qualification and preferably LLM. 
• be an admitted attorney, advocate or a corporate lawyer within a corporate or investment banking legal environment or reputable banking and finance legal practice; and
• have 8‒10 years’ experience as a practicing attorney, advocate or in-house legal counsel.

The following will be an added advantage:

• Admission as an Attorney or an Advocate of the High Court
• experience in banking regulation
• a solid record in leading and closing complex projects
• experience in company law
• exposure to financial market infrastructure, financial technology, exchange control and payment systems

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Detailed description

The successful candidate will be responsible for the following key performance areas:

• Prioritise projects and new requests by collaborating with relevant business partners and stakeholders to ensure strategic alignment and optimal resource allocation.
• Facilitate the creation of business cases and project initiation documents following Programme Management Office (PMO) methodology to clearly define and approve a project’s purpose and business motivation.
• Assign project managers and negotiate the allocation of project team members to ensure the effective use of skills.
• Oversee the work of project managers, ensuring compliance with the SARB’s programme and project methodology and verifying that delivery is on schedule, within budget and meets specification and quality standards.
• Perform line management duties related to the development and performance of project managers and administrators within the team.
• Provide leadership and motivation by coaching and mentoring project managers and administrators within the team.
• Conduct necessary programme meetings to consolidate reporting, manage risks and constraints, and ensure cohesion, consistency and integrity of output.
• Manage specific projects as needed, based on workload or as assigned.
• Engage and present to senior stakeholders within the SARB at various stages of the project life cycles. 
• Ensure the delivery of project benefits and monitor post-implementation reviews to confirm the sustainability of project solutions.

Qualifications

To be considered for this position, candidates must have:

• a minimum of an NQF 8 qualification in Business Management, Project Management or an equivalent field of study; 
• a relevant programme or project management certification (e.g. PMP, CAPM or PgMP), with experience in Agile or Scrum methodologies (e.g. CSM or SAFe);
• a solid understanding of project management principles; and
• 8 to 10 years’ experience in programme or portfolio management, including at least two years in a team leadership or management role.

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Detailed description

The successful candidate will be responsible for the following key performance areas:

• Supervisory oversight of designated banks, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as ‘banks’).
• Assess and analyse the strategies and business models of banks.
• Analyse and assess the business portfolios of banks.
• Analyse and form a supervisory view of the risks facing banks and the impact thereof on their risk profiles.
• Analyse and assess the adequacy and appropriateness of business and risk management practices applied by banks as well as and the alignment thereof with industry best practices.
• Analyse and assess the evolving economic and operating environment and the impact thereof on banks’ risk profiles.
• Identify and monitor emerging risks and the potential impact thereof on the banking sector and individual banks, in particular.
• Develop and apply analytical methods to analyse and interpret risk-based regulatory data submissions.
• Assess compliance with the Banks Act 94 of 1990, the Regulations relating to Banks and Financial Sector Regulation Act.
• Prepare detailed reports based on the outcome of analysis performed.
• Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held with banks’ management, executives, boards and board subcommittees.
• Plan, arrange, prepare for, and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board sub-committees.
• Present the outcome of ongoing analysis and supervisory assessments to senior management of the Prudential Authority and representatives of banks.
• Maintain permanent electronic records in respect of banks.
• Manage correspondence pertaining to banks.
• Undertake ad hoc projects as assigned by management.
• Perform duties as a relationship manager by, among other things, undertaking frequent, often high-level liaison with banks and other interest groups, such as the external auditors of banks.

Qualifications

Job requirements

To be considered for this position, candidates must be in possession of:

• A post graduate degree in Accounting, Banking, Economics, Finance, Risk Management or a relevant equivalent qualification; and two to five years’ relevant working experience in a regulatory environment or the financial sector.

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Detailed description

The successful candidate will be responsible for the following key performance areas:

• Facilitate and drive the formulation, review and refinement of the IT strategy of the SARB on a periodic basis in alignment with the changing IT business environment.
• Provide thought leadership, decision support and strategic consultation to the SARB’s Business Solutions and Technology Department (BSTD) and the business.
• Package and present the IT strategy to key stakeholders for the purposes of engagements and approvals.
• Facilitate and drive the development of the IT business plan in support of the IT strategy.
• Establish and manage internal and external stakeholder relationships throughout the IT strategy life cycle to ensure the approval and adoption thereof.
• Proactively research and assess both internal and external environments which may impact on the management of information and the adoption of technology relevant to the SARB.
• Track and report on the progress of execution against the IT strategy.
• Factor an appropriate funding model to enable the practical execution of the IT strategy and make recommendations on how to achieve long-term scalability, reduce operational costs and better support business processes.

Job requirements

To be considered for this position, candidates must be in possession of:

• at least an Honours degree (NQF 8) in IT or Commerce, or an equivalent qualification; and
• at least 8–10 years’ experience in strategy development, with a strong focus on IT.

Additional requirements include:

• experience in strategy development and maintenance;
• managing complexity and ambiguity;
• showing resilience;
• having a strong drive for results;
• being a strong team player; and

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Detailed description

The successful candidate will be responsible for the following key performance areas:

• Conduct access and egress control in the areas of operation.
• Conduct guarding, patrolling and escorting duties to safeguard the facility against illegal and/or unauthorised activity.
• Identify, respond to and report all security and emergency threats, signals and situations under all conditions.
• Monitor, maintain and ensure the optimal utilisation of all security systems, equipment and signals.
• Perform evacuations and emergency drills during emergencies.
• Perform administrative duties such as report-writing and completing electronic occurrence books and pocketbooks.
• Proactively broaden knowledge of functional area, displaying willingness to make improvements (including methods and practices).

Qualifications

To be considered for this position, candidates must have:

• a Grade 12 certificate or an equivalent NQF 4 qualification; 
• a Private Security Industry Regulatory Authority (PSIRA) Grade C qualification;
• a competency certificate in the handling of firearms (i.e. a 9 mm pistol, a semi-automatic rifle and a shotgun);
• a minimum of two to five years of working experience in a security environment;
• sound knowledge and understanding of applicable legislation, including, but not limited to, the National Key Points (NKP) Act 102 of 1980 and Regulations, the Firearms Control Act 60 of 2000, the Criminal Procedure Act 51 of 1977, as well as all the policies, procedures and operational instructions of the SARB relating to the use of firearms;
• a level of medical, psychological and physical fitness commensurate with the inherent requirements of the position;
• professionalism, discipline and the physical fitness to work long hours; and
• the availability to work shifts (including weekends) and perform duties as required by operational circumstances.

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Detailed description

The successful candidate will be responsible for the following key performance areas:

• Research, develop and maintain advanced analytics related to interest rate and foreign exchange markets.
• Conduct research on various aspects relating to financial benchmarks and reference rate reforms.
• Provide thought leadership and contribute to position papers, presentations, speeches and other documentation prepared by the SARB Working Group, Market Practitioners Group (MPG) and other relevant bodies.
• Contribute to the formulation and execution of strategic initiatives of the unit and the Financial Markets Department.
• Lead the development and periodic review of interest rate benchmarks and the implementation of solutions for various calculation methodologies.
• Establish relevant data sources and lead the implementation of appropriate data collection models to enable the production of analytics.
• Oversee the benchmark determination process and enhance operating procedures and the control framework for benchmark administration.
• Collaborate with other financial market specialists, business analysts, data management specialists, integration specialists and software developers to design and implement infrastructure solutions.
• Prepare periodic operational reports to enable lead specialists, senior management and the Reference Rate Oversight Committee to exercise their oversight function on all aspects of benchmark administration.
• Leverage data and analytics to prepare reports aimed at enhancing the transparency of various segments of interest rate and foreign exchange markets.
• Build and maintain relationships with reporting institutions, market infrastructure providers, industry bodies and other relevant stakeholders.
• Contribute to the learning and development of junior specialists.
• Assist with committee administration.
• Contribute to process improvement.
• Perform ad hoc tasks.

Qualifications

Job requirements

To be considered for this position, candidates must be in possession of:

• an Honours degree (NQF8) in Economics, Finance, Statistics, Data Science or an equivalent combination of education and job-related experience; and
• at least 8 to 10 years’ work experience in financial markets.

The following will be an added advantage:

• knowledge of financial markets products and the pricing thereof;
• knowledge of quantitative finance;
• proficient in Microsoft Office, R and/or Python; and
• proficient in data analysis.

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Detailed description

The successful candidate will be responsible for the following key performance areas:

• Develop detailed technical domain-specific BI technology and solution standards in adherence to, and in line with, enterprise architecture (EA) standards, strategy and product roadmaps. 
• Translate business requirements into detailed solution designs and technical specifications, and guide the development of end-to-end BI solutions, ensuring that the implementation adheres to the specifications.
• Guide product owners and application technical specialists on infrastructure, application configuration and software licensing requirements for implementation of the BI solutions.
• Apply architectural and engineering concepts in designing detailed technical solutions that meet operational requirements, such as scalability, maintainability, security, reliability, extensibility, flexibility, availability and manageability.
• Lead, guide and review various phases of the software development life cycle (SDLC) to ensure adherence to project-specific solution designs and EA standards.
• Ensure that technology solutions which are production ready meet the defined design specifications and do not impose risks to the SARB.
• As a subject matter expert, lead BI proofs of concept and prototypes when introducing new BI technologies into the SARB.
• Continually review BI solution architectures and designs, and provide recommendations for improvement to senior management and relevant stakeholders.
• Keep abreast of industry best practices and technologies, and lead the implementation  thereof to design and optimise effective and efficient data solutions.
• Impart knowledge of the technical environment to the product team as well as system developers, database administrators, and infrastructure and EA teams.
• Own and be accountable for the delivery of technical BI solution design workstreams while also mentoring and guiding more junior colleagues.

Job requirements

To be considered for this position, candidates must be in possession of:

• An Honours or equivalent (NQF 8) qualification in Computer Science, Engineering, Mathematics, Information Management/Technology or related;
• 8 to 10 years working experience in solutioning, designing and implementing complete BI solutions at an enterprise level; and
• Solid working experience with Oracle Data Integrator (ODI).

The following would be an added advantage:

• TOGAF and ITILv3 certifications;
• experience across the BI platforms, such as Microsoft Power BI Reporting Server and Services, Informatica, Teradata, AWS and Azure;
• proficient in SQL, Oracle and AIX;
• solid experience in translating business requirements into detailed BI designs (conceptual, logical and physical), with a focus on re-usability;
• practical knowledge of software engineering concepts and best practices, including DevOps, DevSecOps, DataOps;
• familiarity with Time-Series and Graph database types and related technologies (Druid, InfluxDB, Neo4J, etc.);
• ability to scope projects and define workstreams, and effectively lead and mentor more junior colleagues;

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Detailed description

The successful candidate will be responsible for the following key performance areas: 

• Manage and monitor operational, corrective and preventive maintenance as well as the equipment replacement programme at the South African Reserve Bank’s (SARB) Cape Town Cash Centre, including the documentation and inventory of all systems.           
• Manage the work of all external service providers to ensure compliance with contractual agreements and budgetary requirements.           
• Identify and mitigate the risks associated with building operations, and plan and report accordingly to ensure good governance.     
• Ensure that the design and maintenance of the building systems meet the legislative as well as health and safety requirements.           
• Define and manage the installation of building systems and specify maintenance and operating procedures.
• Manage stakeholders and service level agreements by engaging and developing project contracts with external service providers.     
• Develop plans and apply techniques to optimise output and life cycle costs of all buildings and building equipment.     
• Manage the performance and development of technical staff.

Qualifications

To be considered for this position, candidates must have: 

• a Bachelor’s degree (NQF7) in the Built Environment or Engineering, or an equivalent qualification. 
• a management qualification; 
• registration with the Engineering Council of South Africa (ECSA) or be a candidate thereof; and 
• at least five to eight years of experience in engineering or building maintenance, with at least two years in a supervisory role.

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Detailed description

The successful candidate will be responsible for the following key performance areas:

• Prepare and provide accurate and reliable data and information in support of strategic decisions.
• Create and maintain business metadata for published data sources to ensure that it is easily discoverable and meaningful to information consumers.
• Create and maintain consistent metadata in a manner that allows for clear and unambiguous data definition and meets all legislative, quality and security requirements.
• Acquire new data sources in order to enable more effective departmental decision-making.
• Prepare relevant data for appropriate consumers in the PA and for relevant stakeholders, and monitor the published data sources for usage, relevance and quality feedback.
• Ensure that the assigned data element is current and does not conflict with other data elements in the metadata registry
•  Ensure consistency in data usage across various systems.
• Proactively identify and resolve data integrity and quality issues.
• Stay current with developments in all the functional areas relevant to information management, and ensure appropriate application thereof.
• Propose and implement the refinement and continuous improvement of systems, tools, methods and processes in own area.

Job requirements

To be considered for this position, candidates must possess:

• the minimum of a Bachelor’s degree in Information Technology (IT), Computer Science or Mathematics; and 
• the minimum of 5–8  years of experience in a relevant environment (e.g. master data management or data governance).

The following would be an added advantage: 

• relevant certifications (e.g. being qualified as a Certified Data Steward).

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Detailed description

The successful candidates will be responsible for, among other tasks, the following:

Supervision

• Review and evaluate banks’ ALM frameworks and reports (including assessing their capital requirements for regulatory and economic capital, where applicable) and their ability to manage ALM-related risks, specifically liquidity and interest-rate risk in the banking book.
• Review and evaluate insurance firms’ ALM frameworks and reports and their ability to manage ALM-related risks.
• Provide expert guidance on matters relating to compliance with minimum regulatory requirements relating to ALM for supervised institutions.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Conduct on- and off-site reviews of ALM-related risks for the banking and insurance sector. 
• Identify ALM-related risks by processing, reviewing and evaluating relevant applications from supervised institutions. 
• Provide specialist support with respect to ALM-related risks within the Prudential Authority (PA).
• Stay abreast of international best practices and developments surrounding ALM-related risks.
• Assist and contribute to the assessment of recovery plans compiled by supervised institutions.
• Inform the PA regarding the aggregate behaviour of banks regarding ALM-related risks.

Regulation

• Assist in terms of research and input into the regulatory framework (e.g. the Banks Act 94 of 1990 (Banks Act), the Regulations relating to Banks, circulars, directives and guidance notes) in line with international best practice.
• Assist with the development of internal policies and processes for supervising ALM-related risks.

Training

• Ensure widespread understanding of the concepts and developments in the fields of the above-mentioned risks throughout the PA.

Job Requirements

To be considered for this position, candidates should have: 

• a Postgraduate degree in Banking, Risk Management, Finance, Accounting or Auditing; and
• five to eight years’ applicable experience in the banking or financial sector or within risk management. 

The following would be an added advantage 

• applicable ALM-risk management experience;
• conversant in the Basel frameworks – related to liquidity risk and interest-rate risk in the banking book – at both a theoretical and practical level; and be abreast of best practices in ALM risk management;
• familiar with the liquidity risk and interest-rate risk in the banking book papers published by the Basel Committee on Banking Supervision;
• knowledge of the Banks Act and the Regulations relating to Banks will be an added advantage;
• Financial Risk Manager (FRM) or a Professional Risk Manager (PRMIA) qualification; and 
• excellent risk and control knowledge.